Vanfund Urban Investment and Development Co., Ltd. (SZSE:000638) agreed to acquire 24% stake in Anshan Henglong New Energy Co., Ltd. from Anshan Baike?er Technology Co., Ltd. for CNY 0 on December 21, 2023. As part of the consideration, CNY 0.0 million was paid towards common equity. The transaction price will be CNY 0, in which Vanfund Urban Investment and Development Co., Ltd. shall only provide a capital contribution of CNY 24 million to Anshan Henglong New Energy Co., Ltd. This transaction does not need to be submitted to the board of directors or regular shareholders?

meeting for deliberation.